The non-banking financial company plans to use the new funds for strengthening its technology platform as well as for onward lending to borrowing corporates, further scale up the balance sheet.

Vivriti Capital was founded in June 2017 by Kumar and Vineet Sukumar, who are both former executives at IFMR Capital, the non-banking finance arm of Chennai-based IFMR Group. It received the regulatory clearance in January 2018.

The company has closed 250 deals in the current financial year and disbursed Rs 10,000 crore through its platform. It currently has around 150 borrowers and 120 lending partners, including banks, mutual funds and private wealth offices.

Gaurav Kumar, founder of Vivriti Capital said,“This is one of Creation Investment’s largest investment globally. They are otherwise also invested in small finance banks and lending startups in India, among others.”

“By next financial year our target is to push up the disbursal to Rs 22,000 crore and lend around Rs 3,000 crore through our balance sheet.We will try to get around 1,000 borrowers and reach a base of 200 investors,” Kumar added.